Ansley Products Applies Overhead Using a Predetermined Overhead Rate

Ansley Products applies overhead using a predetermined overhead rate.Overhead is applied based on direct labor hours.At the beginning of the year, it is estimated that $500,000 in overhead will be incurred and 25,000 hours will be worked.At year-end, the company had used 24,000 hours of labor, and actual overhead costs were $470,000.What can be concluded from this?

A) Cost control was good.
B) Overhead is overapplied by $10,000.
C) Overhead is underapplied by $10,000.
D) Overhead is applied at a rate of $19.58 per hour